|
|
Identification details
|
Contact data
|
|
Full name:
|
Test sp. z o.o. (firma przykładowa)
|
|
Stat.no.
|
123456789
|
|
Tax ID
|
1111111111
|
|
Reg.no.
|
3333333 KRS
|
|
|
Registered address:
|
Uliczna
00-001 Warszawa
|
|
|
Phone:
|
(22) 222 22 22
|
|
|
|
22 8767677
|
|
|
Fax:
|
22 8767676
|
|
|
E-mail:
|
test@testowy.pl
|
|
|
Website:
|
www.testowy.pl
|
|
|
|
|
|
Payment Capability Index
|
100
|
|
|
|
200
|
|
|
|
|
400
|
|
450
|
500
|
550
|
600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
266
|
|
|
(Best)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Worst)
|
|
PD
|
|
|
|
|
PD = 1,05%
|
|
|
|
|
|
Payment Capability Index 266 stands for satisfactory, average payment capability
Evaluation of the company was made on the basis of available data on 07.02.2023
Probability of default for the above index value is 1,05%
|
|
Maximum credit
|
2 500 000 PLN
|
|
|
|
|
|
Legal form
|
Limited liability company
|
|
Registration date:
|
31.12.2008
|
|
Activity since:
|
25.05.1992
|
|
Age:
|
31 years
|
|
|
Shareholders
|
Janina Kowalska
|
|
|
President
|
Janina Kowalska
|
|
|
Debt collection cases
|
|
YES
|
|
|
Legal proceedings
|
|
YES
|
|
|
|
|
|
Employment
|
401
|
pers.
|
(2021)
|
|
Turnover (PLN)
|
507,47
|
MLN
|
(2021)
|
|
Net profit (PLN)
|
5,40
|
MLN
|
(2021)
|
|
Gross margin
|
1,45
|
%
|
(2021)
|
|
|
Total assets (PLN)
|
169,56
|
MLN
|
(2021)
|
|
Equity (PLN)
|
24,92
|
MLN
|
(2021)
|
|
Total liabilities (PLN)
|
144,63
|
MLN
|
(2021)
|
|
Working capital (PLN)
|
3,01
|
MLN
|
(2021)
|
|
|
|
|
Profitability (ROE)
|
Liquidity
|
Debt ratio
|
Equity
|
|
|
|
CREDIT RATING BY CREDITREFORM
|
Close sections
|
|
|
Payment Capability Index
|
266 stands for satisfactory, average payment capability
Evaluation of the company was made on the basis of available data on 07.02.2023
|
|
The payment capability indices occurring in Creditreform's reports mean the following:
|
100 - 149 = excellent payment capability
150 - 199 = very good payment capability
200 - 249 = good payment capability
250 - 299 = satisfactory, average payment capability
|
300 - 349 = weak payment capability
350 - 499 = very weak payment capability
500 = unsatisfactory payment capability
600 = lack of payment capability
|
The Payment Capability Index is a comprehensive evaluation of a payment credibility of an enterprise according to the Creditreform group methodology.
|
|
Probability of default
|
PD = 1,05%
Probability of default for the above index value is 1,05%
|
|
Payment Manner
|
|
In available sources, payment delays have not been noted
|
|
(34)
|
|
Credit capability
|
|
|
Business connections appear permissible
|
|
(32)
|
|
Maximum credit
|
2 500 000 PLN
|
|
Comments on the evaluation
|
We would like to draw your attention to:
- high level of the debt ratio
- Fall in sales
- The company does not publish financials statements despite the legal obligation.
|
|
|
Rating history
|
|
Date
|
Payment Capability Index
|
|
Maximum credit
|
|
|
07.02.2023
|
266
|
|
2 500 000 PLN
|
|
|
02.11.2022
|
270
|
|
2 500 000 PLN
|
|
|
05.07.2022
|
270
|
|
2 500 000 PLN
|
|
|
08.03.2022
|
353
|
|
|
|
|
04.11.2021
|
270
|
|
2 500 000 PLN
|
|
|
07.05.2021
|
270
|
|
2 500 000 PLN
|
|
|
28.08.2020
|
266
|
|
2 500 000 PLN
|
|
|
10.01.2020
|
266
|
|
2 500 000 PLN
|
|
|
06.09.2018
|
287
|
|
2 500 000 PLN
|
|
|
06.06.2018
|
242
|
|
8 100 000 PLN
|
|
|
06.11.2017
|
242
|
|
8 100 000 PLN
|
|
|
27.07.2017
|
242
|
|
8 100 000 PLN
|
|
|
09.02.2017
|
261
|
|
|
|
|
08.01.2016
|
244
|
|
8 100 000 PLN
|
|
|
08.01.2015
|
262
|
|
3 000 000 PLN
|
|
|
15.05.2014
|
255
|
|
3 000 000 PLN
|
|
|
27.02.2013
|
285
|
|
3 000 000 PLN
|
|
|
20.04.2012
|
295
|
|
3 000 000 PLN
|
|
|
30.07.2010
|
253
|
|
3 000 000 PLN
|
|
|
20.01.2009
|
279
|
|
2 000 000 PLN
|
|
|
|
|
|
|
If you are interested in receiving detailed information about the payment manners of your customers or business partners, order a Portfolio Analysis or Trade Analysis. To do this, please contact us at: handlowy@creditreform.pl
|
|
|
LEGAL CASES
|
Close sections
|
|
|
Legal proceedings
|
Bankruptcy and composition agreement proccedings:
|
|
|
|
11.10.1999 District Court Warszawa, X Commercial Department for Bankruptcy and Repair Matters bankruptcy proceedings with liquidation of the company's estate,
11.10.1999 - opening of bankruptcy proceedings (File Signature X GUp 110/99)
11.10.2000 - discontinuing of the bankruptcy proceedings (File Signature X GUp 111/00)
|
|
|
|
DEBT COLLECTION CASES
|
Close sections
|
|
|
Since 02.05.2009 until 15.07.2009 debt collection proceedings was in progress
Case no. 1111/09
Proceedings' types: - pre-litigation debt collection
value of main amount due PLN 5 000,00
with paid off value PLN 5 200,00
Result: successful
|
|
|
Creditreform Polska offers debt collection services. Information on debt collection cases may only be provided to the registered Creditreform members. -> Become a member of Creditreform!
|
|
If you are interested in receiving other detailed information about negative events in criminal, court, bailiff or debt settlement proceedings or debts towards Social Insurance Office or Tax Office of the subject company, please contact us at: handlowy@creditreform.pl
|
|
|
REGISTRY DATA
|
Close sections
|
|
|
Legal form
|
Limited liability company
|
(5)
|
|
Establishment
|
25.05.1992 as General partnership
under name TEST Kowalscy Sp. Jawna
at the address Bialystok, ul. Długa 2, 50-524 Wrocław
at the address ul. Krótka 1, 01-116 Warszawa
|
(3)
|
|
|
05.12.2008 as Limited liability company
under name Test sp. z o.o. (firma przykładowa)
|
(5)
|
|
|
16.10.2018 at the address Uliczna, 00-001 Warszawa
|
|
|
Registration:
|
31.12.2008, District Court Warszawa, XIII Department, KRS 3333333
|
|
|
Data concerning previous registrations:
|
|
|
25.05.1992, District Court Białystok, RHA 1478
|
|
|
08.08.2001, District Court Białystok, XII Department, KRS 1234567
|
|
Main activity
|
Retail and wholesale of household electrical appliances in company's own wholesalers and retail shops under the name: "RTV i AGD DLA DOMU"
|
sector code NACE 2007
|
Branches
|
|
|
(G.46.43.Z)
|
Wholesale of electrical household appliances
|
|
|
(G.46.47.Z)
|
Wholesale of furniture carpets and lighting equipment
|
|
|
(G.46.44.Z)
|
Wholesale of china and glassware, wallpaper and cleaning materials
|
|
|
(G.46.15.Z)
|
Agents involved in the sale of furniture, household goods, hardware and ironmongery
|
|
|
|
|
|
|
Initial Capital
|
|
PLN 251 000
|
|
|
Initial capital divided into 251 shares of PLN 1 000,00 each
|
|
|
|
An in-kind contribution has been made and valued at
|
PLN 150 000
|
|
|
According to available sources, the company is planning to increase initial capital soon.
|
|
|
Shareholders
|
|
Shareholder
|
Shares
|
|
Value
|
|
|
|
Janina Kowalska
PERSONAL ID NO. (PESEL) 70070711777
|
52%
|
PLN
|
130 000
|
|
|
|
Jan Marcin Kowalski
PERSONAL ID NO. (PESEL) 71034567890
|
28%
|
PLN
|
70 000
|
|
|
|
Jan Kowalski
PERSONAL ID NO. (PESEL) 45121600640
|
20%
|
PLN
|
51 000
|
|
|
|
list entered to NCR /KRS/ on 31.12.2008
|
|
|
|
|
Management
|
|
Janina Kowalska
PERSONAL ID NO. (PESEL) 70070711777
|
- president
|
|
|
Jan Marcin Kowalski
PERSONAL ID NO. (PESEL) 71034567890
|
- vice president
|
|
|
Władysław Paweł Kowalczykowski
PERSONAL ID NO. (PESEL) 82110255888
|
- vice president
|
|
Proxies:
|
|
Kazimierz Nowak
PERSONAL ID NO. (PESEL) 51061004574
|
- independent proxy
|
|
If you would like to obtain more detailed information about the company and its owners and managers, please contact us at: handlowy@creditreform.pl
|
|
|
BUSINESS LINKS
|
Close sections
|
|
|
Shares in other companies
|
|
As at 07.02.2023 there are no relations
|
|
|
If you would like to receive detailed information about corporate and personal links in the form of extended corporate and personal trees, please contact us at: handlowy@creditreform.pl
|
|
|
KEY BUSINESS FIGURES (RECENT YEARS)
|
Close sections
|
|
|
|
2021
|
y/y
|
2020
|
y/y
|
2019
|
y/y
|
2018
|
|
Employment
|
401
|
(+2%)
|
390
|
(-9%)
|
ca. 430
|
(+2%)
|
420
|
|
|
2021
|
y/y
|
2020
|
y/y
|
2019
|
y/y
|
2018
|
|
Turnover (ths. PLN)
|
507 470
|
(-52%)
|
1 060 891
|
(0%)
|
1 064 037
|
(+24%)
|
851 825
|
|
Selected financial data - unconsolidated (ths.)
|
|
|
01.01.2021
- 31.12.2021
|
y/y
|
01.01.2020
- 31.12.2020
|
y/y
|
01.01.2019
- 31.12.2019
|
y/y
|
01.01.2018
- 31.12.2018
|
|
Net sales
|
507 470
|
(-52%)
|
1 060 891
|
(0%)
|
1 064 037
|
(+24%)
|
851 825
|
|
Net profit
|
5 395
|
(-66%)
|
15 958
|
(-55%)
|
35 684
|
(-16%)
|
42 978
|
|
EBITDA
|
12 092
|
(-39%)
|
19 996
|
(-63%)
|
54 820
|
(+46%)
|
37 355
|
|
EBITDA in %
|
2,38%
|
(+26%)
|
1,88%
|
(-63%)
|
5,15%
|
(+17%)
|
4,39%
|
|
Total assets
|
169 559
|
(-33%)
|
253 606
|
(-2%)
|
259 308
|
(+34%)
|
193 442
|
|
Equity
|
24 925
|
(-69%)
|
81 139
|
(-9%)
|
89 440
|
(+42%)
|
62 608
|
|
Total liabilities
|
144 634
|
(-16%)
|
172 467
|
(+1%)
|
169 868
|
(+29%)
|
130 834
|
|
Working capital
|
3 006
|
(-88%)
|
26 409
|
(-33%)
|
39 870
|
(+30%)
|
30 659
|
|
Net sales ths.
|
Net profit/loss ths.
|
|
Total assets/Liabilities/Equity ths.
|
|
Assets
|
|
Liabilities
|
|
Equity
|
|
EBITDA ths.
|
|
|
If you would like to order a visit of a specific location with photo documentation from the site, please contact us: handlowy@creditreform.pl
|
|
|
ADDITIONAL INFORMATION
|
Close sections
|
|
|
Real Estate
|
Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.
|
|
|
|
Means of transport
|
Car fleet - status as at 30.09.2021 :
1 - Passenger cars (ownership)
4 - Delivery vans (leasing)
6 - Delivery vans (ownership)
As at 31.12.2021 book value of car fleet was: PLN 3 167 200,00
|
|
Certificates and Licenses
|
ISO 9001:2000
|
|
Contractors
|
|
(main customer)
ul. Krótka 1, 35-231 Rzeszów
|
|
|
|
(customer)
ul. Krótka 1, 37-700 Przemyśl
|
|
|
|
(customer)
ul. Krótka 1, 80-734 Gdańsk
|
|
|
|
(main supplier)
ul. Mała 1, 10-001 Olsztyn
|
|
|
|
(supplier)
ul. Mała 1, 61-482 Poznań
|
|
|
|
(supplier)
ul. Mała 1, 16-400 Suwałki
|
|
Import
|
2020 among others Russian Federation
|
|
|
2021 among others Russian Federation
|
|
General information
|
According to the press information from June 2021 the subject company signed a contract for the supply of household electrical appliances for the network of XYZ hotels throughout the country. The contract will be implemented in instalments until 2023. The estimated contract value is: 200 mln PLN.
In October 2021, the company has cooperated with 150 stores throughout the country.
The company plans to hire another 80 people in the second half of 2022.
As at 03.10.2021 the subject company is not listed in the database of Biuro Informacji Gospodarczej InfoMonitor.
As at 03.10.2021 the subject company is not listed in the available debt exchange markets.
Sanction lists:
As at 03.10.2021, the company is not on the international sanction lists.
Subsidies from the European Union:
As at 03.10.2021, the company has no subsidies from EU funds.
Certificates and licenses:
The company has a transport license No. 14852/20
|
|
Export
|
2020 (40.00%) European Union
|
|
|
2021 (25.00%) European Union
|
|
Banks
|
|
Names of banks were not disclosed
|
|
|
SECTOR RATIOS
|
Close sections
|
|
|
LIQUIDITY
|
|
|
|
01.01.2021-
31.12.2021
|
01.01.2020-
31.12.2020
|
01.01.2019-
31.12.2019
|
01.01.2018-
31.12.2018
|
2021
|
2020
|
2019
|
2018
|
|
Current ratio (CR)
|
? | Current ratio (CR) (Current Ratio)
Current ratio indicates ability of a company to fulfill its liabilities (defines financial liquidity of a company). It informs, how many times does value of current assets of a company exceed value of short-term liabilities. It is considered as a security ratio, measuring liquidity of means.<br/>Level of the current ratio depends on a number of factors, most important of which are: branch specificity, changing environment and chosen by the company financing strategy (among others: collection cycle and settlement of liabilities). Increasing level of the ratio indicates improvement of the company’s financial liquidity and a decreasing tendency is a sign informing about possibility of payment difficulties. Satisfactory level of the current ratio oscillates between 1,2 -2,0, meaning, that maintaining financial balance requires ca. double covering of current liabilities with current assets. If the ratio level is close to 1,2, risk of losing by enterprise ability to settle liabilities in terms (indicating, that the company is operating on a day-to-day basis and can have difficulties in settling short term liabilities and credits). Lack of financial liquidity is as unfavorable as financial over-liquidity. High ratio level is informing about decrease of share of current liabilities in company’s financing. Value of the level exceeding 2,0 can indicate, that the company is retaining too high level of current means in proportion to payable debts. In this case, the company should decrease level of liquid means and invest cleared funds in more effective operations. Value of the ratio < 1 indicates liquidity obstacles, which imply difficulties with punctual settling of liabilities. Value of the ratio > 3 indicates that there is no rotation of current assets components (e.g. there are unsold goods in warehouses, unsettled receivables or securities which cannot be sold). | X |
|
|
current assets
current liabilities
|
|
|
|
|
1,63
|
1,50
|
1,57
|
1,51
|
|
Quick ratio (QR)
|
? | Quick ratio (QR) (Quick Ratio – QR)
The ratio measures ability of instant debt settlement. This is a proportion of most liquid assets to current liabilities. Requirement of calculation of the ratio is motivated by the fact that, commonly used current ratio does not take into account different rate of changing particular groups of current assets into cash.<br/>As most liquid assets are considered: cash, short term securities and short term receivables. Among all current assets are excluded stock and accrued assets as least liquid assets. Value of the quick ratio should estimate near 1 (an ideal level), however it is not very common in practice. Values of ratio from 0,9 - 1,2 are considered as satisfactory. At the moment, when value of the quick ratio falls below 1, there is a threat of current ability of a company to pay its liabilities in terms. In this case, a company will have to be supported. It can imply necessity of incurring debts, selling of assets or accepting gradual increase of liabilities. Exception: Value of Quick Ratio can fall below 1 when inventory turnover is high. If QR is low and CR high it can indicate that level of inventory maintained by a company is too high. | X |
|
|
curr.assets-inventories-prepaym.
current liabilities
|
|
|
|
|
0,87
|
0,88
|
0,92
|
0,85
|
|
Cash Ratio
|
? | Cash Ratio
This ratio is a completion of the two basic ratios measuring liquidity – current ratio and quick ratio. This ratio informs, what part of current liabilities can be settled in terms, in case it becomes payable in a particular moment. At the same time, it shows effectiveness of debt collection, so it depends on specific character of conditions, the company operates in. According to previous economical experience, financial assets should consist, at least 16 - 20% of current liabilities, to assure the enterprise’s ability to settle them easily. Higher level of the ratio indicates higher security of creditors. However, from a perspective of an enterprise, retaining exaggerated levels of financial means is irrational, as investing them in a proper way may be a source of future income and profits for the enterprise. | X |
|
|
cash
current liabilities
|
|
|
|
|
0,09
|
0,18
|
0,09
|
0,11
|
|
|
Current ratio (CR)
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
Quick ratio (QR)
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
Cash Ratio
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
|
|
PROFITABILITY
|
|
|
|
01.01.2021-
31.12.2021
|
01.01.2020-
31.12.2020
|
01.01.2019-
31.12.2019
|
01.01.2018-
31.12.2018
|
2021
|
2020
|
2019
|
2018
|
|
Return on sale (ROS)
|
? | Return on sale (ROS)
The ratio is a proportion of net profit to net sales. It informs about value of profit for a sale unit. A lower value of the return on sale ratio informs about necessity of increasing of sales in order to gain planned earnings. The higher level of this ratio, the better effectiveness of gained earnings. Profit margin value depends on a branch, the company operates in, structure of goods being sold and length of a turnover cycle as well. A lower value of the ROS ratio is typical for companies of material intensive production. Higher value concerns companies involving a serious labor inputs. It is advisable to observe the level of return on sales ratio and compare value of the level in a particular company to other enterprises operating in the same branch. If the comparison is disadvantageous for an enterprise, it usually indicates ineffective exploitation of materials, outdated technology of production or bad work organization. Warning: Return on sales ratio can be estimated in different ways, depending on profit category chosen while estimation. The most popular measure is a return on net sales ratio.<br/>Example: the ratio value is 1,8 %, which implies that for each 100 PLN obtained from sale of goods and materials, the company gains profit of 1,18 PLN. If ratio for the branch for the same period estimates e.g. 0,39 % then profitability of a company is much better. | X |
|
|
net profit
turnover
|
|
|
|
|
1,97
|
1,34
|
0,31
|
-14,83
|
|
Return on assets (ROA)
|
? | Return on assets (ROA)
Return on assets ratio determines proportion of net profit value, gained by the enterprise, to value of total assets. The ratio informs about a company’s ability (more precisely – its assets ability) to generate profit. It indicates management effectiveness of company’s estate. The higher level of the ratio, the better financial situation of a company.<br/>Most interested in the ROA value, are creditors of a company, as the ratio is a valuable source of information about ability of estate to generate earnings, being source of instalments and interests of incurred debts. Western banks expect the value of the ratio to reach 2-6 %, while in small companies it should be higher than in big ones. Low level of the ratio within companies of the same branch usually indicates that a company does not use total production capacity. | X |
|
|
net profit
total assets
|
|
|
|
|
5,02
|
3,17
|
0,73
|
-33,36
|
|
Return on equity (ROE)
|
? | Return on equity (ROE)
Return on equity ratio informs about value of net profit for a unit of capital invested in an enterprise. It measures effectiveness of equity exploitation in a particular period of time. It is used to estimate return rate on capital brought in by a company’s owners from earnings generated by a company. Most interested in level of the ratio and its tendency in time are company’s stockholders (investors). High level of the ratio indicates proper allocation of capital and allows assuming, that the company is developing and due to this, dividends may rise. Value of the ROE ratio is usually compared to bank interest rate of long term deposit. Value of the interest rate higher than ROE suggests, that investing in a particular company is less effective than bank deposits. That is the reason why value of the ratio should exceed interest rate of long term bank deposits. | X |
|
|
net profit
equity
|
|
|
|
|
16,89
|
11,31
|
2,52
|
-90,31
|
|
|
Return on sale (ROS)
|
Return on assets (ROA)
|
Return on equity (ROE)
|
|
|
EFFECTIVNESS RATIOS
|
|
|
|
01.01.2021-
31.12.2021
|
01.01.2020-
31.12.2020
|
01.01.2019-
31.12.2019
|
01.01.2018-
31.12.2018
|
2021
|
2020
|
2019
|
2018
|
|
Debt collection period (days)
|
? | Debt collection period (days)
The ratio stated in days informs about period, a company has to wait until it receives payment for a credit sale. Collection period should be referred to subject of a company’s activity. Too long cycle of receivables shows ineffective policy of collection of receivables. There are many enterprises, in which unpaid receivables reach up to 2 months. When payment terms exceed the period it may cause payment gridlocks. Optimal value of the ratio depends on a run by a company activity. Collection period ratio determines how many times a year does a company recover its receivables. | X |
|
|
short-term receivables x number of days
net sales
|
|
|
|
|
60
|
55
|
63
|
57
|
|
Stock turnover (days)
|
? | Stock turnover (days)
Inventory Turnover Days ratio show, how many times a company's inventory is sold and replaced over a period. Low level of the ratio indicates that a company is maintaining excessive or superfluous stock. Increase of inventory turnover ratio implies, that the amount of stock is sufficient for less and less selling days. The ratio determines in how many days does a company has to replenish its stock for a specified sale. High ratio level informs about slow inventory turnover, while low level about fast inventory turnover. Due to the fact, that a company maintains stock on different levels, the ratio can be calculated for particular groups. This ratio is determined by branch, the company operates in. E.g for food wholesales optimal level of the ratio is different (shorter) than for wholesales of household goods (longer). | X |
|
|
stocks x days
turnover
|
|
|
|
|
57
|
53
|
54
|
53
|
|
|
Debt collection period (days)
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
Stock turnover (days)
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
|
|
DEBT RATIOS
|
|
|
|
01.01.2021-
31.12.2021
|
01.01.2020-
31.12.2020
|
01.01.2019-
31.12.2019
|
01.01.2018-
31.12.2018
|
2021
|
2020
|
2019
|
2018
|
|
Average payables payment period
|
? | Average payables payment period
The measure of the liabilities turnover is among other the payment period in days. This ratio reveals within how many days (from statistical perspective) the company pays its liabilities. As a rule, lower level of this ratio indicates that the company is in good financial condition, it also influences its profitability (not paying liabilities in time is usually connected to paying statutory interests). When liabilities turnover is too slow, it means that part of them is already overdue. On the other hand prolonging of the payment period is commonly used by many companies as a form of a interest-free credit (it is especially profitable when a company provides credit to its receivers and establishes longer payment terms) | X |
|
|
creditors (liabilities) x days
turnover
|
|
|
|
|
78,12
|
88,67
|
86,49
|
82,75
|
|
Debt ratio
|
? | Debt ratio
The main task of analysis of indebtedness is determining of a ceiling level of an outside capital, beyond of which, risk of contracting of debts is exaggerated. A basic ratio – debt ratio is calculated in Creditreform reports. Debt ratio indicates relation of company’s indebtedness to total amount of assets. The ratio shows a structure of financing of the company’s assets. It informs, what is the share of liabilities in total sources of financing. The higher level of the ratio, the higher level of indebtedness, as well as higher financial risk. High level of the ratio is typical for banks and leasing companies. Higher level of the debt ratio can arise objections against financial reliability of a company. According to standards, value of the ratio should estimate from 0.57 to 0.67 (57-67%). | X |
|
|
total debt (liabilities)
total assets
|
|
|
|
|
70,30
|
71,96
|
71,21
|
63,06
|
|
|
Average payables payment period
|
Debt ratio
|
|
COMPANY
|
|
SECTOR
|
|
RECOMMENDED RANGE
|
|
|
|
|
|
30.09.2022
|
31.12.2021
|
31.12.2020
|
31.12.2019
|
|
Current ratio (CR)
|
? | Current ratio (CR) (Current Ratio)
Current ratio indicates ability of a company to fulfill its liabilities (defines financial liquidity of a company). It informs, how many times does value of current assets of a company exceed value of short-term liabilities. It is considered as a security ratio, measuring liquidity of means.<br/>Level of the current ratio depends on a number of factors, most important of which are: branch specificity, changing environment and chosen by the company financing strategy (among others: collection cycle and settlement of liabilities). Increasing level of the ratio indicates improvement of the company’s financial liquidity and a decreasing tendency is a sign informing about possibility of payment difficulties. Satisfactory level of the current ratio oscillates between 1,2 -2,0, meaning, that maintaining financial balance requires ca. double covering of current liabilities with current assets. If the ratio level is close to 1,2, risk of losing by enterprise ability to settle liabilities in terms (indicating, that the company is operating on a day-to-day basis and can have difficulties in settling short term liabilities and credits). Lack of financial liquidity is as unfavorable as financial over-liquidity. High ratio level is informing about decrease of share of current liabilities in company’s financing. Value of the level exceeding 2,0 can indicate, that the company is retaining too high level of current means in proportion to payable debts. In this case, the company should decrease level of liquid means and invest cleared funds in more effective operations. Value of the ratio < 1 indicates liquidity obstacles, which imply difficulties with punctual settling of liabilities. Value of the ratio > 3 indicates that there is no rotation of current assets components (e.g. there are unsold goods in warehouses, unsettled receivables or securities which cannot be sold). | X |
|
|
current assets
current liabilities
|
1,71
|
1,63
|
1,50
|
1,57
|
|
Quick ratio (QR)
|
? | Quick ratio (QR) (Quick Ratio – QR)
The ratio measures ability of instant debt settlement. This is a proportion of most liquid assets to current liabilities. Requirement of calculation of the ratio is motivated by the fact that, commonly used current ratio does not take into account different rate of changing particular groups of current assets into cash.<br/>As most liquid assets are considered: cash, short term securities and short term receivables. Among all current assets are excluded stock and accrued assets as least liquid assets. Value of the quick ratio should estimate near 1 (an ideal level), however it is not very common in practice. Values of ratio from 0,9 - 1,2 are considered as satisfactory. At the moment, when value of the quick ratio falls below 1, there is a threat of current ability of a company to pay its liabilities in terms. In this case, a company will have to be supported. It can imply necessity of incurring debts, selling of assets or accepting gradual increase of liabilities. Exception: Value of Quick Ratio can fall below 1 when inventory turnover is high. If QR is low and CR high it can indicate that level of inventory maintained by a company is too high. | X |
|
|
curr.assets-inventories-prepaym.
current liabilities
|
0,94
|
0,87
|
0,88
|
0,92
|
|
Cash Ratio
|
? | Cash Ratio
This ratio is a completion of the two basic ratios measuring liquidity – current ratio and quick ratio. This ratio informs, what part of current liabilities can be settled in terms, in case it becomes payable in a particular moment. At the same time, it shows effectiveness of debt collection, so it depends on specific character of conditions, the company operates in. According to previous economical experience, financial assets should consist, at least 16 - 20% of current liabilities, to assure the enterprise’s ability to settle them easily. Higher level of the ratio indicates higher security of creditors. However, from a perspective of an enterprise, retaining exaggerated levels of financial means is irrational, as investing them in a proper way may be a source of future income and profits for the enterprise. | X |
|
|
cash
current liabilities
|
0,06
|
0,09
|
0,18
|
0,09
|
|
Return on sale (ROS)
|
? | Return on sale (ROS)
The ratio is a proportion of net profit to net sales. It informs about value of profit for a sale unit. A lower value of the return on sale ratio informs about necessity of increasing of sales in order to gain planned earnings. The higher level of this ratio, the better effectiveness of gained earnings. Profit margin value depends on a branch, the company operates in, structure of goods being sold and length of a turnover cycle as well. A lower value of the ROS ratio is typical for companies of material intensive production. Higher value concerns companies involving a serious labor inputs. It is advisable to observe the level of return on sales ratio and compare value of the level in a particular company to other enterprises operating in the same branch. If the comparison is disadvantageous for an enterprise, it usually indicates ineffective exploitation of materials, outdated technology of production or bad work organization. Warning: Return on sales ratio can be estimated in different ways, depending on profit category chosen while estimation. The most popular measure is a return on net sales ratio.<br/>Example: the ratio value is 1,8 %, which implies that for each 100 PLN obtained from sale of goods and materials, the company gains profit of 1,18 PLN. If ratio for the branch for the same period estimates e.g. 0,39 % then profitability of a company is much better. | X |
|
|
net profit
turnover
|
2,98
|
1,97
|
1,34
|
0,31
|
|
Return on assets (ROA)
|
? | Return on assets (ROA)
Return on assets ratio determines proportion of net profit value, gained by the enterprise, to value of total assets. The ratio informs about a company’s ability (more precisely – its assets ability) to generate profit. It indicates management effectiveness of company’s estate. The higher level of the ratio, the better financial situation of a company.<br/>Most interested in the ROA value, are creditors of a company, as the ratio is a valuable source of information about ability of estate to generate earnings, being source of instalments and interests of incurred debts. Western banks expect the value of the ratio to reach 2-6 %, while in small companies it should be higher than in big ones. Low level of the ratio within companies of the same branch usually indicates that a company does not use total production capacity. | X |
|
|
net profit
total assets
|
3,68
|
5,02
|
3,17
|
0,73
|
|
Return on equity (ROE)
|
? | Return on equity (ROE)
Return on equity ratio informs about value of net profit for a unit of capital invested in an enterprise. It measures effectiveness of equity exploitation in a particular period of time. It is used to estimate return rate on capital brought in by a company’s owners from earnings generated by a company. Most interested in level of the ratio and its tendency in time are company’s stockholders (investors). High level of the ratio indicates proper allocation of capital and allows assuming, that the company is developing and due to this, dividends may rise. Value of the ROE ratio is usually compared to bank interest rate of long term deposit. Value of the interest rate higher than ROE suggests, that investing in a particular company is less effective than bank deposits. That is the reason why value of the ratio should exceed interest rate of long term bank deposits. | X |
|
|
net profit
equity
|
11,33
|
16,89
|
11,31
|
2,52
|
|
Debt collection period (days)
|
? | Debt collection period (days)
The ratio stated in days informs about period, a company has to wait until it receives payment for a credit sale. Collection period should be referred to subject of a company’s activity. Too long cycle of receivables shows ineffective policy of collection of receivables. There are many enterprises, in which unpaid receivables reach up to 2 months. When payment terms exceed the period it may cause payment gridlocks. Optimal value of the ratio depends on a run by a company activity. Collection period ratio determines how many times a year does a company recover its receivables. | X |
|
|
short-term receivables x number of days
net sales
|
99,50
|
60,74
|
55,01
|
63,57
|
|
Stock turnover (days)
|
? | Stock turnover (days)
Inventory Turnover Days ratio show, how many times a company's inventory is sold and replaced over a period. Low level of the ratio indicates that a company is maintaining excessive or superfluous stock. Increase of inventory turnover ratio implies, that the amount of stock is sufficient for less and less selling days. The ratio determines in how many days does a company has to replenish its stock for a specified sale. High ratio level informs about slow inventory turnover, while low level about fast inventory turnover. Due to the fact, that a company maintains stock on different levels, the ratio can be calculated for particular groups. This ratio is determined by branch, the company operates in. E.g for food wholesales optimal level of the ratio is different (shorter) than for wholesales of household goods (longer). | X |
|
|
stocks x days
turnover
|
87,02
|
57,99
|
53,66
|
54,72
|
|
Average payables payment period
|
? | Average payables payment period
The measure of the liabilities turnover is among other the payment period in days. This ratio reveals within how many days (from statistical perspective) the company pays its liabilities. As a rule, lower level of this ratio indicates that the company is in good financial condition, it also influences its profitability (not paying liabilities in time is usually connected to paying statutory interests). When liabilities turnover is too slow, it means that part of them is already overdue. On the other hand prolonging of the payment period is commonly used by many companies as a form of a interest-free credit (it is especially profitable when a company provides credit to its receivers and establishes longer payment terms) | X |
|
|
creditors (liabilities) x days
turnover
|
113,71
|
78,12
|
88,67
|
86,49
|
|
Debt ratio
|
? | Debt ratio
The main task of analysis of indebtedness is determining of a ceiling level of an outside capital, beyond of which, risk of contracting of debts is exaggerated. A basic ratio – debt ratio is calculated in Creditreform reports. Debt ratio indicates relation of company’s indebtedness to total amount of assets. The ratio shows a structure of financing of the company’s assets. It informs, what is the share of liabilities in total sources of financing. The higher level of the ratio, the higher level of indebtedness, as well as higher financial risk. High level of the ratio is typical for banks and leasing companies. Higher level of the debt ratio can arise objections against financial reliability of a company. According to standards, value of the ratio should estimate from 0.57 to 0.67 (57-67%). | X |
|
|
total debt (liabilities)
total assets
|
67,54
|
70,30
|
71,96
|
71,21
|
|
Percent share in the examinated group of companies with net profit
|
? | !!! no Description for code RATIO_PUWBP_V2 !!!
!!! no Description for code RATIO_PUWBP_desc !!! | X |
|
|
|
75,00
|
66,70
|
88,00
|
88,00
|
|
Sales/revenue per employee in th. PLN
|
? | !!! no Description for code RATIO_PZSNZ_V2 !!!
!!! no Description for code RATIO_PZSNZ_desc !!! | X |
|
|
|
790,19
|
1 881,83
|
1 950,67
|
1 910,26
|
|
Average sales/revenue per company in th. PLN
|
? | !!! no Description for code RATIO_PZSNP_V2 !!!
!!! no Description for code RATIO_PZSNP_desc !!! | X |
|
|
|
168 447,96
|
397 052,78
|
420 485,32
|
338 116,72
|
|
RATIO COMPARISON SHEET (G.46.43.Z)
|
|
|
2021
|
2020
|
2019
|
|
LIQUIDITY
|
|
|
|
|
Current ratio (CR)
|
WORSE -37%
|
WORSE -22%
|
WORSE -20%
|
|
Quick ratio (QR)
|
WORSE -39%
|
WORSE -37%
|
WORSE -27%
|
|
Cash Ratio
|
WORSE -77%
|
WORSE -83%
|
WORSE -44%
|
|
PROFITABILITY
|
|
|
|
|
Return on sale (ROS)
|
WORSE -46%
|
BETTER +11%
|
BETTER +980%
|
|
Return on assets (ROA)
|
WORSE -36%
|
BETTER +98%
|
BETTER +1784%
|
|
Return on equity (ROE)
|
BETTER +28%
|
BETTER +73%
|
BETTER +1483%
|
|
EFFECTIVNESS RATIOS
|
|
|
|
|
Debt collection period (days)
|
BETTER -16%
|
BETTER -47%
|
BETTER -47%
|
|
Stock turnover (days)
|
BETTER -23%
|
BETTER -37%
|
BETTER -43%
|
|
DEBT RATIOS
|
|
|
|
|
Average payables payment period
|
WORSE +24%
|
BETTER -34%
|
BETTER -37%
|
|
Debt ratio
|
WORSE +21%
|
BETTER -5%
|
BETTER -8%
|
|
|
|
FINANCIAL STATEMENTS
|
Close sections
|
|
|
|
Simple view
|
Compact view
|
Detailed view
|
|
Personal balance sheet as at
- 3. Other intangible assets
- b) buildings, premises, facilities
- c) machinery and equipment
- d) fleet of motor vehicles
- 2. Fixed goods under construction
- IV. Long term investments
- 3. Long term financial assets
- a) in affiliated companies
- - participations or shares
- - other long-term financial assets
- V. Long-term prepayments and
accrued income
- II. Short-term receivables
- 1. Receivables from affiliated companies
- a) Due to deliveries and
services with payment period:
- a) Due to deliveries and
services with payment period:
- b) Due to taxes,
subsidies, insurances, duties, etc
- III. Short term investments
- 1. Short-term financial assets
- - participations of shares
- c) cash and other liquid assets
- - cash in hand and on bank account
- IV. Short-term prepayments and
accrued income
Personal balance sheet as at
- IV. Statutory reserve capital
- VI. Other reserve capital
- VIII. Net profit (loss)
-B. Liabilities and reserves for liabilities
- I. Reserves for liabilities
- 1. Deferred income tax reserves
- II. Long-term liabilities
- 1. Due affiliated companies
- c) Other financial liabilities
- III. Short-term liabilities
- 1. Due to affiliated companies
- a) Due to deliveries and
services with payment period:
- d)Due to deliveries and
services with payment period:
- f) Bill of exchange liabilities
- g) Due to taxes,
subsidies, insurances, duties, etc
- IV. Accruals and deferred income
individual PROFIT AND LOSS ACCOUNT
01.01.2021-
31.12.2021
(ths.PLN)
01.01.2020-
31.12.2020
(ths.PLN)
01.01.2019-
31.12.2019
(ths.PLN)
01.01.2018-
31.12.2018
(ths.PLN)
-A. Income from sales and similar
- - including related companies
- II. Change in value of stock ( +, -)
- III. Sales of goods for own use
- IV. Income from sales of goods
and materia | |
